Regulation

Massachusetts Attorney General Martha Coakley is urging legislators to investigate alleged improper foreclosure practices by Ally Financial, which said last week it would scale back most of its mortgage lending in the state.

Ryan Gilbert's recent BankThink article "Give Nonbanks a Nationwide Reach" is part of a massive lobbying campaign by major payday lenders and others to sway Congress to pass H.R. 1909.

In an unusual step, the Federal Reserve Board took direct aim at recent news reports that portray the U.S. central bank as coming to the aid of the largest firms at the expense of the American public.

A credit union association has "egg on its face" after scaling back its estimate of membership gains, one banking representative says. Another cautions against too much celebration.

Support for a clearer ban is widespread since a 60 Minutes report suggested lawmakers — including House Financial Services Committee Chairman Spencer Bachus — traded on nonpublic information, but members are still debating the scope of the legislation.

Doing something — anything — quickly but poorly is no substitute for taking the time to do what needs to be done well.

A bipartisanship bill seeks to give banks a new way to appeal exam results and has regulators steaming.

The Federal Housing Finance Agency this week hired Manoj K. Singh as principal examiner for risk, in charge of Fannie Mae and Freddie Mac.

While the largest 8 U.S. banks already know they will face a capital surcharge, a top Federal Reserve official suggested that more domestic bank holding companies may face such a charge to fulfill capital requirements under Dodd-Frank.

Ahead of the Department of Labor's anticipated proposal to redefine fiduciary responsibility, expected sometime in 2012, 55 House Republicans sent a letter asking for more careful consideration of the effects on consumer choice before any new rule is proposed.